The Kenosha telegraph. [volume] (Kenosha, Wis.) 1860-1888, 1887-11-04
GENERALIZATION OF CAPITAL

GENERALIZATION OF CAPITAL.
Capitalization Of capital moves stead
lily on. Every week some syndicate is
announced, in which millions of money
are invested for a specific speculative
object. Capitalization of capital is but
another form of the concentration OF
power. This latter seeks to control
Legislation, and will accomplish that
purpose, if it be not checked. But
how it can be arrested is not an easy
matter to intelligently advise. Judg-
ing from present indications the people
Of this country will not soon be freed
by the wisdom of legislation or any
other agency from the oyershadowing
power Of moneyed corporations. Capt.
tai has been and is still to large ex-
tent the dictator of labor, and in too
many instances labor is obliged to ac-
cept its terms, stand idle or go hungry.
Capital was once content to bring to-
gether few hundreds or thousands ;
but in these times, unless the consoli-
dalton Of capital reaches towards the
million. it creates no great sensation
The equitable adjustment between
capital and labor has been the problem
which wise men have been studying
for some years past, but its right solu-
ton has not yet been satisfactorily
reached. Fortunate would it be for
the country If some practical method
could be devised and accepted which
would equitably protect the rights of
both, and thus end the strikes which
now so frequently occur. In this
great country there is enough for all,
and there should exist no cause for
suffering among people for the common
necessaries of life. Capital in all legi-
innate business can afford to pay labor
a fair compensation for services.
Where wages are stinted and fall below
the decent support of the temperate
working man and his family strikes
will be the inevitable consequence,
Here are two conflicting interests that
ought for the good of society and the
country at large to be the best of
friends. The temperate and industri-
Gus mechanic or day laborer, if he
have wife and family, can but feel
keenly If his wife and children have
not respectable clothing to appear on
the street or at church, clad as COM
fortably as his neighbours family. When
he sees his children but poorly clad,
and his neighbours deeently clothed and
enjoying some little luxury which he
is compelled todeny his own imploring
ones. his anguish, If he be sympathiz-
ing father, is not easily describable.
1t does not mitigate the case 10 say
that thousands of wives and children
are brought into distress by drunken
husbands and fathers. There are null
.titudes of poor and destitute people
who are such because of a combina.
tion of misfortunes over which they
had no control. With them poverty is
not a crime, nor is II because of indo-
fence.
There is a prospect that legislation
will be asked from the next Congress
to remedy, if possible, and countsract
some of the grasping monopolies
which threaten to embarrass the con-
dition of the poorer classes. There
are articles Of necessity for every
family in which speculation should not
be allowed to interfere. These are
matters which are not out of the reach
of congressional action. The sugar
monopoly, now seeking to control the
price for that article of family use,
should be restrained by legal enact
ments. Coal is now about the only
article of fuel in the cities and older
parts of the country: it would seem to
be almost crime to enhance the price
for mere speculation, thereby increas-
ing the sufferings of the poor. There
are other articles of commerce in which
every family is interested. and which
should be allowed to be governed in
price by the law of supply and demand.
and not controlled by monopoly.
A pair of bright eyes with q dozen
glances suf6ces to subdue man, and to
enslave him. and to inaame, to make
him never forget they dazzle him SO
that the past becomes streightway dim
to him, and he SO prizes them that he
would give up all his life to possess them.
Jenny Lind, the celebrated Swedish
singer, is dead.